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Richard Hausmann, president of Siemens China
Updated: 2007-01-08 07:57  For many firms, China is one of the world's most desirable investment
destinations, and it's no different for German-based Siemens, according to
executive Richard Hausmann.
Hausmann refers to Siemens' growth model in China
as a blend of organic and inorganic. The company is working in a range of fields
to encourage long-term development in the country.
"We are focusing on the
business itself, strengthening our portfolio by expanding our sales coverage,"
he says. "We are also localizing our business operations in China, especially
our research and development programs."
Siemens is also looking at growth
through mergers and acquisitions, according to Hausmann.
"We are constantly
looking to collaborate with others," he says.
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